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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Bloomberg
via
gCaptain
Hormuz Oil Flows Creep Higher as More Supertankers Exit
The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to an oil market that’s suffered the largest supply disruption in history.
From
Reuters
via
gCaptain
New Attacks Hit Ships Near Hormuz as Trump Discusses Iran With Xi
U.S. President Donald Trump discussed the Iran war with China's President Xi Jinping in Beijing on Thursday, while new attacks on vessels near the Strait of Hormuz brought a reminder of the costs of a prolonged stalemate, with peace talks stalled.
From
Austin Schroeder
via
Barchart
Wheat Falling at Midday
The wheat complex is facing pressure on Thursday’s midday. Chicago SRW futures are down 18 to 29 cents in the front months. KC HRW futures are leading the charge, with 20 to 22 cent losses. MPLS spring wheat is trading with 17 to 19 cent losses at midday. There were...
From
Austin Schroeder
via
Barchart
Corn Facing Thursday Pressure
Corn futures are trading with 13 to 15 cent losses in the front months on Thursday. There were 17 deliveries against May futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is down 15 cents to $4.25. A bill to approve year-around sales of E15...
From
Austin Schroeder
via
Barchart
Soybeans Collapsing Following Trump/Xi Meeting
Soybeans are trading with 30 to 44 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 44 cents at $11.20. Soymeal futures are back down $7.20, with Soy Oil futures falling 108 points. There were 80 deliveries issued against May meal futures overnight,...
From
Trent Klarenbach
via
Barchart
Soybeans Technicals: Confirming the Double Top
We analyze the rumoured double top in soybean prices. Canadian grain marketers should wait for a confirmed neckline break before acting on the charts.
From
Mike Schuler
via
gCaptain
Shipping’s $180 Billion Push Into Dual-Fuel Ships Shows No Signs of Slowing
The global liner shipping industry’s investment in alternative-fueled vessels continues to accelerate, with the combined fleet of dual-fuel containerships and vehicle carriers surpassing 1,200 vessels delivered or on order, according...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Corn Gains Extend to Wednesday Morning Trade
Corn price action is up 1 to 2 ½ cents in the front months early on Wednesday. Futures closed the Tuesday session with contracts 3 ¼ to 6 ½ cents higher, as spillover support from the wheat market is supportive. Open interest was up 6,779 contracts on Tuesday, suggesting net...
From
Austin Schroeder
via
Barchart
Wheat Pushing to Fresh Highs on Wednesday Morning
Wheat is trading at new highs early on Wednesday, with gains across the board. The wheat complex posted a double digit rally across the three exchanges on Tuesday. Chicago SRW futures were 17 to 28 1/4 cents higher on Tuesday. Open interest was down 1,644 contracts on Tuesday. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade to Start Wednesday
Soybeans are trading with 4 to 5 cent gains so far on Wednesday morning. Futures closed the Tuesday session with front months down 1 to 4 ¼ cents in the front months and fractionally to 1 ¼ cents higher in the deferreds. Preliminary open interest was down 38,061 contracts in...
From
Bloomberg
via
gCaptain
Aged Oil Tanker Suggests Iran Is Bringing Back Retired Ships
A 29-year-old Iranian supertanker has appeared at Kharg Island after years off the radar, a sign that Tehran could be using retired ships to keep loading oil as its storage space runs out.
From
Reuters
via
gCaptain
Trump Urges Iran to Sign a Deal After Report Suggests US May Extend Blockade
U.S. President Donald Trump on Wednesday urged Iran to 'get smart soon' and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran's ports.
From
Walsh Trading
via
Barchart
Kansas City Wheat Revisited
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Last week I wrote about the gap higher in the Kansas City wheat (Hard Red Winter Wheat) chart pattern. I predicted it would continue to go higher and looking at the...
From
Mike Schuler
via
gCaptain
US-Led Bloc Condemns China Pressure on Panama-Flagged Ships
Secretary of State Marco Rubio on Monday released a joint statement with five Latin American and Caribbean governments backing Panama’s sovereignty and condemning pressure tied to recent actions against Panama-flagged vessels, escalating...
From
Mike Schuler
via
gCaptain
U.S. Forces Search and Release Containership Suspected of Violating Blockade on Iran
U.S. forces boarded a commercial vessel in the Arabian Sea on Monday as Washington stepped up enforcement of its blockade on Iranian ports, with U.S. Central Command saying 39 vessels have now been redirected since the operation began.
From
Austin Schroeder
via
Barchart
Soybeans Come Back to Close Mixed on Tuesday
Soybeans closed the Tuesday session with front months down 1 to 4 ¼ cents in the front months and fractionally to 1 ¼ cents higher in the deferreds. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.15. Soymeal futures were down $0.40 to $1.50 across...
From
Austin Schroeder
via
Barchart
Wheat Rally Extends to Fresh Highs on Tuesday
The wheat complex posted a double digit rally across the three exchanges on Tuesday. Chicago SRW futures were 17 to 28 1/4 cents higher on Tuesday. KC HRW futures were up 18 to 29 ½ cents across most contracts. MPLS spring wheat was 12 1/2 to 21 1/2 cents higher...
From
Austin Schroeder
via
Barchart
Corn Rallies with Wheat on Tuesday
Corn futures closed the Tuesday session with contracts 3 ¼ to 6 ½ cents higher, as spillover support from the wheat market is supportive. The CmdtyView national average Cash Corn price was up 7 cents at $4.32 1/4. NASS Crop Progress data showed the US corn crop at 25% planted...
From
Mike Schuler
via
gCaptain
Security Council Demands Freedom of Navigation in Hormuz as Shipping Risks Mount
The United Nations Security Council heard urgent calls Monday to restore freedom of navigation through the Strait of Hormuz, as world leaders warned disruptions in one of the world’s most critical maritime chokepoints...